Kovack Advisors Inc. Takes $1.62 Million Position in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL)

Kovack Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,960 shares of the company’s stock, valued at approximately $1,618,000.

Other hedge funds have also modified their holdings of the company. Consolidated Portfolio Review Corp boosted its stake in Invesco S&P 500 Revenue ETF by 0.6% in the fourth quarter. Consolidated Portfolio Review Corp now owns 26,674 shares of the company’s stock valued at $2,276,000 after acquiring an additional 164 shares during the last quarter. Private Trust Co. NA boosted its stake in Invesco S&P 500 Revenue ETF by 12.2% in the fourth quarter. Private Trust Co. NA now owns 2,329 shares of the company’s stock valued at $199,000 after acquiring an additional 254 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in Invesco S&P 500 Revenue ETF by 3.3% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 8,932 shares of the company’s stock valued at $762,000 after acquiring an additional 282 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Invesco S&P 500 Revenue ETF by 6.3% in the third quarter. Belpointe Asset Management LLC now owns 5,028 shares of the company’s stock valued at $393,000 after acquiring an additional 300 shares during the last quarter. Finally, Smithfield Trust Co bought a new position in Invesco S&P 500 Revenue ETF in the third quarter valued at approximately $27,000.

Invesco S&P 500 Revenue ETF Price Performance

RWL traded up $0.25 during mid-day trading on Friday, hitting $91.07. The stock had a trading volume of 93,830 shares, compared to its average volume of 129,872. The stock’s fifty day simple moving average is $91.07 and its 200-day simple moving average is $85.59. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 18.20 and a beta of 0.78. Invesco S&P 500 Revenue ETF has a 1-year low of $74.08 and a 1-year high of $93.98.

About Invesco S&P 500 Revenue ETF

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500.